Tuesday 20 March 2018

MIDEAST STOCKS-Qatar outperforms in soft Gulf markets

MIDEAST STOCKS-Qatar outperforms in soft Gulf markets:

"Qatar’s stocks outperformed in generally weak Gulf markets on Tuesday as investors awaited a U.S. interest rate hike expected at the Federal Reserve policy meeting on Wednesday.

In Qatar, the index rose 1.0 percent to its highest level in just over three weeks. The Al Rayan Qatar exchange-traded fund will list on Wednesday, giving the market a second locally listed ETF as part of efforts to improve liquidity and attract more investment.

Drilling rig provider Gulf International Services was the top gainer, rising 9.8 percent in unusually heavy trade, while Qatari Investors Group climbed 4.1 percent."



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